by saxplayer00o1

Economy

In 2016 the per-capita out-of-pocket health care expenditure averaged $1,093 nationally. “That’s not an insignificant sum,” said Steven Lanza, professor of economics at the University of Connecticut. In comparison, up to 57 percent of Americans reported savings of less than $1,000, according to a 2017 GoBankingRates survey. The takeaway? Average Joe and Average Jane cannot afford to be sick.

There are now more than 11,400 shadow banking companies with a combined balance sheet worth around 22.1 trillion rupees ($304 billion) and their loan portfolios have grown at nearly twice the pace of banks, according to Reuters. In 2017, such lenders accounted for 66 percent of the funding provided to India’s commercial sector, up from 44 percent the year before, according to a report from Radhika Rao, economist at DBS Group Research.

Finance Minister Mohamed Maait has said Egypt was looking to sell around $5 billion in Eurobonds, possibly in the first quarter of 2019. But last month he announced a roadshow starting next week to promote bonds in Asia and Europe.
The government appears to have been waiting in the hope that emerging market turbulence would blow over.

The most immediate economic problem is plugging the gaps in Brazil’s public coffers, which pushed the nation’s credit rating deep into junk terrain and its public debt to over 55 percent of its gross domestic product, or more than twice the level of emerging-market peers Turkey or Indonesia.

Lagarde said growing global debt — in emerging and developed economies — has reached an all-time high of $82 trillion, nearly 60% higher than 2007. The buildup of debt means governments and companies are more vulnerable to “a tightening of financial conditions,” she said.

Under Mr Kostin’s plan, Russian companies would move away from transacting in the US currency internationally in favour of roubles, euros and Chinese renminbi, though they would not abandon them entirely.

The cost of insuring exposure to Italian sovereign debt and the debt of the country’s largest lenders rose on Tuesday after an Italian lawmaker said most of the country’s problems would be solved if it returned to its own currency.

A fresh sell-off in Italian government debt, sent the yield on 10-year BTPs up by as many as 15 basis points to a peak of 3.442 per cent — a four-year high. It eased to 3.35 per cent in afternoon trade. As talks on a national budget between the parties of the governing populist coalition continue, Italian assets are expected to remain exposed to the process. Last week, proposals pointed to a higher-than-expected budget deficit of 2.4 per cent.

Gold & Silver

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definition of insanity

Last month, deep in a 500-page environmental impact statement, the Trump administration made a startling assumption: On its current course, the planet will warm a disastrous seven degrees by the end of this century.
A rise of seven degrees Fahrenheit, or about four degrees Celsius, compared with preindustrial levels would be catastrophic, according to scientists. Many coral reefs would dissolve in increasingly acidic oceans. Parts of Manhattan and Miami would be underwater without costly coastal defenses. Extreme heat waves would routinely smother large parts of the globe.
But the administration did not offer this dire forecast, premised on the idea that the world will fail to cut its greenhouse gas emissions, as part of an argument to combat climate change. Just the opposite: The analysis assumes the planet’s fate is already sealed.

Apologize to your children and grandchildren. Those who are adults today will carry a heavy burden of guilt to their graves.

Apologise? Not at all

I have systematically tried to move to a right, sustainable life, nor have I stopped; and I have systematically been denied and overrun.
Adulthood at a particular time is NOT an admission of guilt. Most of us are truly powerless on these issues. Those who are not… mut bear the guilt.
Guilt to the guilty.

Duplicate

Truth is ugly

Doug wrote:

Apologize to your children and grandchildren. Those who are adults today will carry a heavy burden of guilt to their graves.

Sorry, but almost all the issues we face today can be traced back to a single root cause: over population.
Due to that, yes you are guilty (most unwittingly) if you have children, particularly more than one. It’s why I don’t think any of the issues will be solved no matter what effort is undertaken. The drive to pro-create by the 7 billion plus people on the planet mean we will not change until the environment can no longer support us and the population collapses back to sustainable levels.
So while I am sadened by our plight and try to take action in my own life, I realize that no action I take or wish others will take will make any difference. So while you can be indignant at the Trump administration, they are in all likelyhood right based on current trends and projected population.
The only solace that can be offered is to live in the moment, be less angry, and to love and support those around you through the trials that are coming and avoid sanctamania.

Politicians

The citizenry can no longer find good people to run the country because, well, you’ve got to be crazy to want the job. The current administration will never be able to fix the damage that has already been done. If we all take a good hard look in the mirror, we can see where most of our problems have come from. The only thing left is the blame game IMHO.https://www.psychologytoday.com/us/blog/evolution-the-self/201112/narcis…

CHS: "Pensions Now Depend on Bubbles Never Popping"

We’re living in a fantasy, folks. Bubbles pop, period. The Dow and SPX rose week after week and month after month in the 1999-2000 bubble, and again in the 2007 bubble, and so did junk bonds and housing. Everything rose in lockstep, lending support to the magical-thinking belief that this bubble will never pop because (insert excuse of the moment): housing never drops, the Fed has our back, etc.
Bubbles pop. To avoid this reality, commentators claim this is not a bubble. Since it’s not a bubble, it won’t pop. But calling a bubble not-a-bubble doesn’t mean it’s not a bubble. Wordplay doesn’t change reality.

There are levels of guilt deeper than population

As far as our family goes, our population is horizontal since the 1960s.
I don’t think there’s guilt there.
The guilt, from what I have seen, is elsewhere. It is with those who are charged with justice, but love murder, destruction, debauchery, drunkenness… and rule to ensure that those things dominate instead.
And yes, the lion’s share of such guilt is on a spiritual level.
Where are portion of that guilt stands, is where we know to set ourselves, 100% , against doing one of these things, and don’t. Anything else, and we can and will be manipulated into doing the most damage possible, believing that we are right. But the real guilt is still with the will that chooses the horror outright, for its own sake.